THERAPSY: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
THERAPSY
Largest movements
- Cash +€9,442
up €9,442 (+87.6%), from €10,776 to €20,218
mainly Deferred charges and accrued income (+€6,806) and Net result for the year (+€2,701)
- Deferred charges and accrued income -€6,806
down €6,806 (-39.1%), from €17,427 to €10,621
- Tangible fixed assets -€950
down €950 (-10.4%), from €9,149 to €8,199
of which Other tangible fixed assets: -€950
- Receivables within one year -€413
down €413 (-20.0%), from €2,065 to €1,652
- Profit (loss) carried forward +€2,801
up €2,801 (+16.0%), from €17,509 to €20,311
- Tax, wage and social debts -€1,069
down €1,069 (-34.8%), from €3,069 to €2,000
of which Taxes: -€1,069
- Trade debts -€684
down €684 (-90.5%), from €756 to €72
- Other operating charges +€5,948
up €5,948 (+268.9%), from €2,212 to €8,160
- Gross operating margin -€4,319
down €4,319 (-22.9%), from €18,843 to €14,524
- Taxes -€1,885
down €1,885 (-42.4%), from €4,450 to €2,565
- Financial charges -€211
down €211 (-52.6%), from €401 to €190
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,467 | €40,740 | +€1,273 | +3.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €9,199 | €8,249 | -€950 | -10.3% |
| Tangible fixed assets | 22/27 | €9,149 | €8,199 | -€950 | -10.4% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €9,149 | €8,199 | -€950 | -10.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €30,268 | €32,491 | +€2,223 | +7.3% |
| Amounts receivable within one year | 40/41 | €2,065 | €1,652 | -€413 | -20.0% |
| Trade receivables | 40 | €2,065 | €1,652 | -€413 | -20.0% |
| Cash at bank and in hand | 54/58 | €10,776 | €20,218 | +€9,442 | +87.6% |
| Deferred charges and accrued income | 490/1 | €17,427 | €10,621 | -€6,806 | -39.1% |
| Total equity and liabilities | 10/49 | €39,467 | €40,740 | +€1,273 | +3.2% |
| Equity | 10/15 | €32,349 | €35,051 | +€2,701 | +8.4% |
| Contributions | 10/11 | €14,740 | €14,740 | = | 0.0% |
| Reserves | 13 | €100 | €0 | -€100 | -100.0% |
| Distributable reserves | 133 | €100 | €0 | -€100 | -100.0% |
| Profit (loss) carried forward | 14 | €17,509 | €20,311 | +€2,801 | +16.0% |
| Amounts payable | 17/49 | €7,117 | €5,689 | -€1,429 | -20.1% |
| Amounts payable within one year | 42/48 | €7,086 | €5,475 | -€1,612 | -22.7% |
| Trade debts | 44 | €756 | €72 | -€684 | -90.5% |
| Suppliers | 440/4 | €756 | €72 | -€684 | -90.5% |
| Taxes, remuneration and social security | 45 | €3,069 | €2,000 | -€1,069 | -34.8% |
| Taxes | 450/3 | €3,069 | €2,000 | -€1,069 | -34.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €3,261 | €3,403 | +€141 | +4.3% |
| Accrued charges and deferred income | 492/3 | €31 | €214 | +€183 | +593.8% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €888 | €950 | +€62 | +7.0% |
| Other operating charges | 640/8 | €2,212 | €8,160 | +€5,948 | +268.9% |
| Gross operating margin | 9900 | €18,843 | €14,524 | -€4,319 | -22.9% |
| Operating profit (loss) | 9901 | €15,743 | €5,414 | -€10,329 | -65.6% |
| Financial income | 75/76B | €6 | €43 | +€36 | +568.4% |
| Recurring financial income | 75 | €6 | €43 | +€36 | +568.4% |
| Financial charges | 65/66B | €401 | €190 | -€211 | -52.6% |
| Recurring financial charges | 65 | €401 | €190 | -€211 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €15,348 | €5,267 | -€10,082 | -65.7% |
| Income taxes | 67/77 | €4,450 | €2,565 | -€1,885 | -42.4% |
| Profit (loss) for the period | 9904 | €10,898 | €2,701 | -€8,196 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,898 | €2,701 | -€8,196 | -75.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.